Innovation Pharmaceuticals Inc (IPIX)

[sunspotter]

“ when this hits zero we get nothing after that, then beamed goes public in OT with our 4M and no word of B
Could this happen?”

When IPIX is declared bankrupt (in real terms it already is as its debts far outweigh its tangible assets*) shareholders are at the bottom of the pile of creditors and will be wiped out. Ironically Ehrlich and Redbrick Jane will come before them if any of their hard earned wages or bonuses remain unpaid.

Then shareholders are left with nothing.

Alternatively sooner or later the SEC will deregister IPIX with the same outcome.

This is what normally happens with OTC schemes for insider enrichment like IPIX.

* While Ehrlich gave the BeaMed founders $4 million of your money, the shares it allegedly owns are worth only what anyone will pay for them in a bankruptcy fire sale. As these are shares in a private off-shore company which probably have a change of control condition attached to them, you can assume they are essentially worthless, and certainly worth less than the amount IPIX owes Cummings.